Foreclosures

WASHINGTON, DC - June 20, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks® America announced the launch of the Emergency Homeowners’ Loan Program (EHLP) today, to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico.

Reston, VA - June 17, 2011 - (RealEstateRama) -- A pair of decisions from the U.S. District Court in the Eastern District of Michigan Southern Division declined to reconsider MERS-related foreclosures.

COLUMBUS, OH - June 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) has been awarded $1,461,561 to continue supporting the availability of foreclosure counseling and prevention services across the state.

WASHINGTON, DC - June 17, 2011 - (RealEstateRama) -- Today, a dozen U.S. Senators sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of Justice (DOJ), and the U.S. Department of Housing and Urban Development (HUD) to hold mortgage servicers accountable for deficient servicing procedures and improperly foreclosing on homeowners and to develop a comprehensive solution to fix the broken foreclosure process.

Olympia, WA - June 17, 2011 - (RealEstateRama) -- The Washington State Department of Commerce today announced that King, Pierce, Snohomish and Spokane Counties will receive a total of more than $4.8 million in grants to help purchase and redevelop foreclosed and abandoned homes, putting them back into productive use.

AUSTIN, TX - June 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that the state has secured a $619,696 federal grant that will significantly further its efforts to reduce the number of home foreclosures across Texas and help stabilize families, declining home values, and local government coffers.The grant, awarded through the National Foreclosure Mitigation Counseling (NFMC) Program – Round 5, will provide counseling to potentially as many as 1,500 Texas homeowners in or facing a home foreclosure and help them avoid foreclosure

Wilmington, DE - June 17, 2011 - (RealEstateRama) -- The Attorney General’s Mortgage Fraud Task Force is sponsoring free statewide housing workshops on June 17 in Georgetown and Dover and June 18 in Wilmington to help Delawareans who are at risk of l...

BOSTON, MA - June 17, 2011 - (RealEstateRama) -- Addressing a group of 200 real estate agents, mortgage brokers, attorneys, home inspectors, and property managers, Attorney General Martha Coakley highlighted today her proposed legislation to address the ongoing mortgage foreclosure crisis that has gripped the Commonwealth.An Act to Prevent Unnecessary and Unreasonable Foreclosures, which is sponsored by Senator Karen Spilka and Representative Steven M. Walsh, requires that creditors take reasonable steps to avoid foreclosure and prohibits foreclosures without appropriate documentation.

IRVINE, CA - June 17, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for May 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 214,927 U.S. properties in May, a 2 percent decrease from April and a 33 percent decrease from May 2010. The report also shows one in every 605 U.S. housing units received a foreclosure filing during the month of May.

LANSING, MI - June 16, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced that he has issued criminal investigative subpoenas against national mortgage servicing support providers in an expansion of his office's investigation into questionable mortgage documentation filed with Michigan's Register of Deeds offices during the current foreclosure crisis.

Las Vegas, NV - June 16, 2011 - (RealEstateRama) -- A recent report released by IMS Advanced Realty Data Services named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010. According to the report, The Myers Team with the Caliber Realty Group has closed more short sale transactions than any Realtor or Broker in Las Vegas. The Myers Team is nationally recognized as one of the most influential figures in real estate today. According to Myers Team owner, Bill Myers, “Surrendering a home worth half of what you owe is NOT a failure, it's a business decision. A short sale is an opportunity for you and your family to take control and walk away free and clear. Nobody wants to lose their home; however, loan modification doesn’t work and there is no need to go down with a sinking ship.

WASHINGTON, DC - June 14, 2011 - (RealEstateRama) -- U.S. Senators Jeff Merkley (D-OR), Olympia Snowe (R-ME), Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) offered the Regulation of Mortgage Servicing Act of 2011 as an amendment to the Public Works...

Las Vegas, NV - June 14, 2011 - (RealEstateRama) -- The Ballen Group, Las Vegas Short sale Agents who use a comprehensive Las Vegas Short Sale System, has closed another Las Vegas Short Sale saving the Nevada Homeowner from Foreclosure.

LANSING, MI - June 14, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today encouraged Southeast Michigan homeowners struggling with foreclosure to attend a June 15th homeowner counseling and lending meeting organized by the United Way for Southeastern Michigan and the Foreclosure Intervention and Neighborhood Stabilization Collaborative (FINSC). The event will provide free counseling services and facilitate lender meetings for homeowners from Wayne, Oakland, Macomb and Washtenaw counties who may be struggling with foreclosure

Las Vegas, NV - June 13, 2011 - (RealEstateRama) -- As more and more homeowners are underwater in Las Vegas and Henderson, many homeowners are choosing to walk away from their homes. Zillow, an internet real estate provider, states that 85% of homeowners are underwater while Corelogic an insight analytics firm estimates the number to be 66%

New York, NY - June 13, 2011 - (RealEstateRama) -- In a move to broaden its transactional, financial, and operational capabilities, Faris Lee Investments today announced the launch of the Faris Lee Capital Markets Group. The move provides an even deeper level of retail investment expertise to the firm and its clients. The leadership of Faris Lee believes that controlling the finance process is crucial to the profit, timing and certainty of closing an investment transaction. Richard Berlinghof, principal with Faris Lee Investments and a 26-year financial industry executive, has been named managing partner of the Capital Markets Group.

Westbury, NY - June 13, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano announced today that a once foreclosed, termite-infested property in Westbury is being completely rehabilitated to become a brand new energy-efficient home. This is a joint effort with Nassau County, Unified New Cassel Community Revitalization & the United Way of Long Island. Rehabilitation of this property is possible due to nearly $400,000 in Neighborhood Stabilization Program (NSP) funds obtained by Nassau County from the Federal and State governments. The home will be rehabilitated by certified professionals, working alongside student trainees from the United Way’s YouthBuild initiative.

WASHINGTON, D.C. - June 9, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that $229,140 has been awarded to the Neighborhood Housing Services of Greater Cleveland, Inc. to provide foreclosure counseling to local families. The National Foreclosure Mitigation Counseling Program funds are awarded on a competitive basis to help prevent foreclosures

Washington, D.C. - June 8, 2011 - (RealEstateRama) -- Today NeighborWorks America announced that $67.7 million has been awarded to 37 state housing finance agencies (HFAs), 17 HUD-approved housing counseling intermediaries, and 84 community-based NeighborWorks organizations to provide counseling to families and individuals facing the threat of foreclosure. Just two months after the fifth round of National Foreclosure Mitigation Counseling (NFMC) Program funds were appropriated, communities across our country will be able to put the funds to immediate use.

West Hartford, Ct - June 7, 2011 - (RealEstateRama) -- CT REIA and Al Lowry presents: Secrets For Buying Foreclosures & Other Investment Properties